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GC Asia
Snam nabs €500m before storm breaks in US
On an extraordinary day in the capital markets, a very ordinary corporate bond was issued on Wednesday — a €500m 8.5 year issue for Snam, the Italian gas transport group, that was nicely oversubscribed and closed trading at reoffer.
The bookbuild was finished by 11.15 in the morning, London time – only 6.15am in New York. By then, the news was yet to hit the market that US retail sales fell 0.3% in September, while the US producer price index dropped 0.1%.
That was the trigger for ...Already a subscriber? Login
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Latest news from Corporate Bonds
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King’s College seeks to raise cash with private placement
01.15 PM -
ESG debt volumes up 59% in 2020 but pricing to tighten further
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UK edges ahead in race to claim world’s greenest central bank
04 Mar 2021 -
US credit market laughs at inflation
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